Whether you’re sending your kids to elementary school, college, or to the kitchen table for online learning, your expenses can add up quickly.
Set a budget
Step one is to set a budget and have a goal in mind. Overspending is easy to do, so be prepared when you shop. Use your First PREMIER® Bank credit card and set up automatic alerts to track your spending and make budgeting easier.
Before you buy, research the sales ahead of time to find the best deals. You may even consider following some of the major retailers on social media to learn about unadvertised deals. And watch for store or product coupons to make your savings even bigger.
From clothing to furniture for a dorm room, shopping used can save you a lot of money. Check out our blog post, How to save big buying used, to learn more tips. And don’t forget about textbooks – you can save a large part of your college budget by buying used books for your classes.
Lots of major retailers now offer loyalty or rewards programs. Whether it’s a percentage off your total bill or coupons tailored to your shopping habits, joining is usually easy and the benefits are immediate. Add this to a coupon or store sale, and you can see a big savings in your back to school purchases.
Reuse what you have
Maybe you have markers, pens and notebooks that your student can reuse for distance learning. Notes and flashcards are still fundamental for learning new concepts. And some classes, like math, may still require plenty of writing. Look around your home to see what supplies you have on hand before buying new.
The biggest thing to focus on is wants vs. needs. If you’re making online purchases, make sure to read our tips for shopping online safely. It’s easy to get carried away with the excitement of back to school shopping, but keep in mind your bigger goal of saving.
This information is presented for educational purposes only. It is not intended as, nor should it be construed to be, legal, financial or other professional advice. Please consult with your attorney or financial advisor to discuss any legal or financial issues involved with credit decisions.